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Don't underestimate China. As economists and market pundits explore what will happen next to hurt our economy, China has been a worry in recent weeks. The fear: An economic slowdown is coming to China, bringing tougher times for the world economy.

Concerns were raised further on Tuesday when China's Conference Board revised its April leading economic indicator sharply lower, sending the Shanghai composite down 4.3%. Other global markets followed it down, including the Dow, which dived 2.6%.

But with the tumble comes opportunity, and long-term investors shouldn't underestimate the possibilities for China. Hilary Kramer, editor of GameChangerStocks.com says investors should consider playing China with a couple of "under the radar" stocks that she likes.

Among her picks: L&L Energy (LLEN), a Nevada-based coal mining and coal washing business. Kramer says the stock should do well because China's demand for coal is steadily growing. Its revenues and earnings have been rising significantly. She also likes Veolia Environnement (VE), a French water company that creates clean-water systems all over China. It currently offers a 5.4% dividend, and the stock has come off more than 25% so far this year.